HomeMy WebLinkAboutResolution 2022A Resolution
IN SUPPORT OF THE ALEXANDER COMPANY'S
APPLICATION FOR LOW-INCOME HOUSING TAX CREDITS
IN CONNECTION WITH THE RENOVATION OF THE HISTORIC
BLACKSTONE HOTEL AND ELECTRIC BUILDING
NO _~?D ~ ~
WHEREAS, the City of Fort Worth is committed to the revitalization
of the Central Business District as part of a City-wide
strategy for encouraging economic development, and
WHEREAS the preservation and renovation of historic downtown
buildings is an important factor in the economic
development of the inner city and
WHEREAS, there is a need for additional affordable housing in the
City of Fort Worth, and
WHEREAS, the development of residential facilities and affordable
housing within the downtown area will promote growth and
economic development within the inner city; and
WHEREAS, the historic Blackstone Hotel has been listed on the
National Register since 1984, is a Fort Worth Landmark
and has been vacant since 1982, and
WHEREAS, the nomination to place the predominantly-vacant Electric
Building on the National Register is pending, end
WHEREAS, the City Council has granted a 10-year tax exemption for
the Blackstone Hotel and Electric Building to encourage
their renovation
NOW THEREFORE, BE IT RESOLVED THAT THE CITY OF FORT WORTH
Will support the application of the Alexander Company to the
Texas Department of Housing and Community Affairs, under the low-
income housing tax credit program, to receive federal tax credits
for the rehabilitation of the historic Blackstone Hotel and the
Electric Building in downtown Fort Worth
ADOPTED ON THIS //.J~ day of ~L /l/ /~~C.~~~t ~J`i .J , 19 9 4
APPROVED
CITY COUNCIL
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of
CITY OF FORT WORTH